Generally speaking, algorithms are procedures for solving mathematical problems in a systematized finite number of steps. In contemporary economic settings, algorithms involve technologies that, by aggregating and sorting through historical data, help service providers better understand market pricing in their respective industries.
Algorithms and Antitrust
The economic benefits realized from generative AI are nothing short of astounding. That is why it is so concerning that the DOJ, the FTC, and a small choir of members of Congress seem intent on regulating algorithms away from the economy on antitrust grounds.
By
Ediberto Roman
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